Morningstar (MORN) Price to Book (2009 - 2026)
Morningstar's (MORN) quarterly Price to Book came in at 5.72 in Q2 2026, down 30.29% year-over-year from 8.2 in Q2 2025, and down 9.41% quarter-over-quarter from 6.31 in Q1 2026.
Analysis
Morningstar (MORN) Price to Book (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Price to Book for 18 consecutive years, with 5.72 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Book fell 30.29% year-over-year to 5.72 in Q2 2026; TTM through Jun 2026 was 5.72, a 30.29% decrease from a year earlier, with the FY2025 full-year figure at 7.07, down 20.76% from the prior year.
- Price to Book was 5.72 for Q2 2026 at Morningstar, down from 6.31 in the prior quarter.
- Over five years, Price to Book peaked at 9.53 in Q1 2024 and troughed at 5.72 in Q2 2026.
- A 5-year average of 7.83 and a median of 7.98 in 2023 frame the typical range for Price to Book.
- Across the five-year window, Price to Book jumped 32.9% in 2024 and tumbled 30.29% in 2026, its largest moves.
- Over 5 years, Price to Book stood at 7.62 in 2022, then increased by 20.85% to 9.21 in 2023, then declined by 3.17% to 8.92 in 2024, then declined by 20.76% to 7.07 in 2025, then retreated by 19.11% to 5.72 in 2026.
- The last three Price to Book figures came in at 5.72 (Q2 2026), 6.31 (Q1 2026), and 7.07 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 130.73 Bn | 131.62 Bn | 2.98 Bn |
| 2 | Moodys | 85.51 Bn | 84.15 Bn | 1.67 Bn |
| 3 | Msci | 41.67 Bn | 41.32 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 24.18 Bn | 23.63 Bn | 572.90 Mn |
| 5 | Factset Research Systems | 10.80 Bn | 10.50 Bn | 310.73 Mn |
| 6 | Morningstar | 7.86 Bn | 7.33 Bn | 423.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.72 |
| Mar 31, 2026 | 6.31 |
| Dec 31, 2025 | 7.07 |
| Sep 30, 2025 | 6.36 |
| Jun 30, 2025 | 8.20 |
| Mar 31, 2025 | 7.92 |
| Dec 31, 2024 | 8.92 |
| Sep 30, 2024 | 8.74 |
| Jun 30, 2024 | 8.84 |
| Mar 31, 2024 | 9.53 |
| Dec 31, 2023 | 9.21 |
| Sep 30, 2023 | 8.04 |
| Jun 30, 2023 | 6.77 |
| Mar 31, 2023 | 7.17 |
| Dec 31, 2022 | 7.62 |
| Sep 30, 2022 | 7.65 |
| Jun 30, 2022 | 8.28 |
| Mar 31, 2022 | 8.64 |
| Dec 31, 2021 | 10.42 |
| Sep 30, 2021 | 8.06 |